Super Retail Group staff underpaid for years
THOUSANDS of staff at Queensland-based company Super Retail Group were underpaid millions of dollars over eight years, it has been revealed.
In its full-year financial results released today, the company - which includes the brands Supercheap Auto, Rebel and BCF - said staff who had worked on store set-ups since July 2010 had not been paid at the correct award rates.
As outlined in its financial report, the company has made a provision of $7.9 million for additional payments of allowances and overtime to current and former staff, with a further provision of $2.7 million for interest and on-costs.
About 10 per cent of staff over the time period, or about 4,500 people, were believed to have been affected.
Chief executive Peter Birtles said the company was â€œvery sorryâ€? with regard to the underpayments, and said it had been a genuine error. It was expected to be largely rectified by December.
Meanwhile the company posted a normalised net profit after tax of $145.3 million, a 7 per cent rise, with group sales up 4.2 per cent to $2.57 billion, with strong online sales growth.